The Overview May 2021 - Here Comes The Summer?

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ROAD WARRIORS

Business travel returns The Global Business Travel Association issued the findings from its 18th COVID-19 poll assessing the impact of the pandemic and the road to recovery for the business travel industry.

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early one-quarter of poll respondents reported that their company had resumed non-essential business travel, or that the company has in place a plan to resume travel. This latest poll showed multiple positive signs for business travel recovery, including an increase in willingness to travel, a decrease in trips cancelled and a more optimistic view towards returning to the road as travel bookings continue to increase.

Positive momentum for business travel • About one in 10 (9%) poll respondents said their company had resumed non-essential business travel, while an additional 13% reported their company now has in place a fully developed travel-resumption plan. Additionally, 31% of respondents say their company was actively working on a travelresumption plan, while 20% said their company had begun the process, but had more work to do. Only 18% reported no formal planning underway, while 7% reported being unsure. • Two-thirds (65%) of poll respondents felt their employees were ‘’willing’’ or ‘’very willing’’ to travel for business in the current environment, an increase of 11 percentage points from the March 2021 GBTA poll results. The remaining corporate travel buyer and/or procurement respondents felt their employees were not willing (12%) or neutral (12%) in terms of their willingness to travel for business. In addition, one in 10 (11%) were unsure. • Globally, suppliers and travel management company respondents saw optimism about the industry’s path to recovery. Half (50%) said they felt more optimistic than they did last month with four in 10 (43%) saying they felt the same as they did last month.

Less than one in 10 (8%) said they felt more pessimistic about the industry’s path to recovery than they did last month. • Half (50%) of supplier respondents said their bookings from corporate customers had increased in the past week, while two in five (38%) reported their bookings had remained the same from the previous week. One in 10 reported their bookings had decreased (11%). • Three quarters (75%) of respondents who reported canceling or suspending most or all trips to a specific region/ country were considering resuming travel in the near future (one - three months) or were considering resuming travel in the near future but do not have definite plans. Among those companies, 16% reported plans to “resume all travel in the next one three months,” while 59% reported that they were considering resuming all travel in the near future, but had no definite plans as yet. • Seven in 10 (71%) poll respondents thought issuing government-issued digital health verification (or digital green certificates and/or vaccination passports) was either “very effective” or “effective” in terms of resuming business travel. Just one in 10 thought it is “ineffective” or “very ineffective” or were unsure (10%). Few were indifferent (7%) about the policy. Respondents from Europe were more likely (81%) than respondents from North America (68%) to say issuing digital health verification (or digital green certificates and/or vaccination passports) was effective in terms of resuming business travel. Respondents based in Europe (88%) were slightly more likely than respondents in North America (81%) to say they expected their company’s employees would have more/much more flexibility to work

from home than before the pandemic. • As domestic business travel resumes, two in five (44%) poll respondents expected more business meetings with clients and customers would be held in non-traditional settings such as restaurants, bars, coffee shops, flexible office spaces and/or hotels. One in four (27%) did not expect this to become more common and one in three (29%) did not know.

Company-wide functional collaboration on planning for return to travel and offices • Four in 10 (39%) respondents reported buyer and procurement members were involved with key aspects of their company’s planning for return to offices. However, fewer reported they were involved with their company’s remote working policies (23%) or their company’s approach to managing a decentralised workforce (18%). • Over half (56%) of poll respondents said their company’s planning on return to business travel is led by a crossdepartment committee or working group (which could include travel, human resources, security, legal and other departments). “It is encouraging to see key indicators all pointing towards a return to business travel, as organisations collaborate internally across multiple functions to ensure a safe return for their travellers and commuters,” said Suzanne Neufang, CEO of GBTA. “Many companies have also revisited their work-from-home policies due to the pandemic, and in many cases are making a permanent change that will remain in effect even after the pandemic. It’s clear the way we manage and conduct business will be noticeably different moving forward.”

THE OVERVIEW | MAY 2021

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